The first global private currency — What is Golden Currency project

mrbean01 (25)in #blockchain • 6 years ago

About Golden Currency

Golden Currency is the first private currency which is not only remarkably functional but also suitable for the cash as well as non — cash payments. The company’s system is based on blockchain technology that makes it possible for the customers to enjoy modern and convenient structure. In this Golden Currency, a modern, legal, and independent analogue of Central Banks available in the world now is being established. Unlike the other crypto companies exist now.

Golden Currency is 100% supported by gold. Not only that, the company also takes advantages of the crypto currency technologies. By applying the technology, the costumers can be linked to crypto currency. At the same time, the company’s system will also have the same regulations just like the fiat currency has. Though, the company mainly uses gold in the transactions, but there will be nothing you should be worried about its legal issues. The system applied in the crypto company is fully legal and conducted by using transparent currency. Read more on the whitepaper.

What is Golden Currency project?

Golden Currency is a project of the first fully functional private currency, convenient and efficient infrastructure with utilization of modern technologies, including blockchain. In other words, we are talking about creating a legal and independent private analogue of the Central Banks, which uses the accumulated experience and modern technologies to ensure reliable and convenient currency.

Golden Currency’s Feature

Stable, reliable and transparent money. Gold-backed. Using blockchain. Perfect payment and investment tool

Non-national and non-politicized. The emissions are done not by governments, and not in favour of any government

Convenient money. Independent modern infrastructure (ATMs, cards, etc.). Easy payments and conversion into crypto and fiat money

Cash and electronic payments. Anonymity and universality of use (in any place of the world)

Golden Currency’s Market

Lack of asset-based money in the world. There is no country in the world that has 100% assets-based currency

Lack of independent legal money. All currencies depend on political and economic situation of the country where they are issued

Lack of inflation-free money. Examples of hyperinflation show the possibility of up to 98% per day inflation

Crypto currencies do not fulfill the function of money. Due to volatility, lack of cash usage, legal status, etc

How does Golden Currency work?

As said earlier, Golden Currency is a fully functional currency. However, it offers additional advantages. One of such is that, you can work into an exchange office to legally buy the currency with your national money.

Yes, it’s a lot like fiat like that. Yet, unlike your national money, you know the Golden currency in your wallet is not subject to inflation because it confers a fixed amount of gold. Furthermore, when the exchange value of said gold increases, so does the value of the money. Hence, serving as a good source of passive income.

And if you are interested in having your Golden Currency in electronic format, it is just as easy. These advantages offered by this gold-backed cryptocurrencies makes it more competitive than other fiat and cryptocurrencies. Users can enjoy the benefit of both without the drawbacks.

The Company’s Marketplace

The marketplace of the Golden Currency is also beneficial very much for the customers. There are some reasons to make it possible. There is no country which uses 100% based currency in the world. In addition, all currencies exist now completely depend on the economic and political situation. But, with the Golden Currency’ platform, the currency applied is less independent than legal money available now. Joining in this digital company will also enable you to avoid the impact of hyperinflation often occurs.